Medallion Financial also announced a dividend of $0.22 per share for the 2013 first quarter, up from $0.21 per share in the 2012 first quarter. This brings the total dividends declared over the last four quarters to $0.86, up 10% from $0.78 in the prior four quarters, and equates to a yield of approximately 6% based on the closing price of the company's stock on May 1, 2013. The current dividend will be paid on May 24, 2013, to shareholders of record on May 17, 2013. The company reported consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company’s total investment income was $8,245,000 against $7,863,000 a year ago. Net interest income was $6,180,000 against $4,616,000 a year ago. Net investment income before income taxes was $2,463,000 against $1,611,000 a year ago. Net investment income after income taxes was $2,463,000 or $0.11 per diluted share against $1,611,000 or $0.09 per diluted share a year ago.

Medallion Financial Corp. reported consolidated earnings results for the fourth quarter and year ended December 31, 2012. For the year, the company’s total investment income was $32.344 million against $37.227 million a year ago. Net interest income was $21.486 million against $23.689 million a year ago. Net investment income before income taxes was $8.765 million or $0.43 per diluted share against $10.763 million or $0.61 per diluted share a year ago. Net asset value per share was $9.99 against $9.68 a year ago. For the quarter, the company announced that earnings or net increase in net assets resulting from operations was $6,523,000 or $0.30 per diluted common share in the 2012 fourth quarter, up $891,000 or 16% from $5,632,000 or $0.32 per diluted common share in the 2011 fourth quarter. The company also announced a dividend of $0.22 per share for the 2012 fourth quarter, up from $0.20 per share in the 2011 fourth quarter. This brings the total dividends declared over the last four quarters to $0.85, up 15% from $0.74 in 2011, and equates to a yield of approximately 6.5% based on the closing price of the company's stock on March 4, 2013. The current dividend will be paid on March 28, 2013, to shareholders of record on March 21, 2013.

On January 8, 2013, Medallion Financial Corp. entered into an amendment to its Amended and Restated Loan and Security Agreement, dated March 28, 2011, by and among the Company, Medallion Funding LLC and Sterling National Bank. Under the terms of the Amendment, the maturity date of Facility A was extended to June 30, 2014 and the maturity date of Facility B was extended to June 30, 2015 and other technical changes were implemented.